http://www.nytimes.com/2006/08/29/business/29auto.html$this->bbcode_second_pass_quote('', 'T')OLEDO, Ohio, Aug. 28 — The Chrysler Group, which depends more heavily on sales of pickup trucks and sport utility vehicles than any other Detroit automaker, said Monday that it expected gasoline prices to remain at $3 to $4 a gallon for the rest of this decade.
The comments by Thomas W. LaSorda, Chrysler’s chief executive, are the first time a Detroit automaker has issued a specific forecast on gas prices since they began climbing to $3 a gallon and higher.
Ford’s chief sales analyst agreed Monday that high gas prices were not a temporary phenomenon, although he did not cite a price range. The analyst, George Pipas, said the auto company expected gas prices to remain high, volatile and unpredictable.
... Asked about gasoline prices, Mr. Pipas, of Ford, said, “We don’t see the price of gasoline returning to the levels that we all enjoyed in the 90’s and the early part of this decade.” He went on, “The base case assumption around which we’re planning our business is that gas prices remain high. The days of inexpensive gasoline are gone.”
Mr. Pipas declined to be specific about how high gas prices may rise.
“I think only a fool would forecast gas prices,” he said.